NABARD

SIDBI, NABARD, NHB Gets Rs 50,000 Cr Refinancing Support from RBI

As per RBI decision, Rs 25,000 crore would be provided to National Bank for Agriculture and Rural Development (NABARD) for refinancing regional rural banks (RRBs), cooperative banks and micro finance institutions (MFIs); Rs 15,000 crore to Small Industries Development Bank of India (SIDBI) for on-lending/refinancing; and Rs 10,000 crore to National Housing Bank for supporting housing finance companies (HFCs).